• Shriram Automall inaugurated its 71st Automall in Bikaner on 24th November’2017.!!
• 72nd Automall Facility inaugurated by Shriram Automall in Guna on 28th November’2017.!!
•Shriram Automall wins Limca Book of Records for being The Largest Platform for Acquisition and Disposal of Pre-owned Vehicles and Equipment FY2015-16 and for Conducting Highest Number of Physical Bidding Events in a Single Day.!!
•Shriram Automall MOBILE APP LAUNCHED...!!Download the app now!!
• Sameer Malhotra – CEO, Shriram Automall India Ltd. as Esteemed Jury at Equipment India Awards 2017.!!
•Shriram Automall India Limited(SAMIL) Won Best Service Provider
Of The Year Award CIA World Builders and Infra Award 2017
•Shriram Automall was recognized as “Fastest Growing Brand for Pre-Owned Vehicles of the Year” in 2017 Leaders Awards...!!

It’s no new news that India has
proved to be a robust market for British luxury cars. Lately the industry has
witnessed the further hike in exports or luxury cars from UK to India.

But
now the cess on sports utility vehicles and luxury cars is likely to be
increased to 25 % from the current 15 %, making these vehicles more expensive.
The Goods and Services Tax (GST) Council has taken a decision to this effect
but has not discussed this yet. The increase in the cess will take the
effective tax rate on these cars to 53 %.

The Indian Automotive sector which
has been one of the prime contributors to the GDP, was looking forward to
welcome all new Automobiles in the Indian Automotive Market, manufactures were hoping
to face the double demand for their product, thereby boosting the GDP as well.
But if the higher cess on current GST regime gets approved by the government, the
India’s luxury-car market, which was bracing for double-digit growth, may hit a
roadblock. In such a scenario, sales could fall for second consecutive year in
2017.

The reason for this, according to
the GST Council’s Fitment Committee, was that the post-GST tax incidence on
motor vehicles across most categories was significantly lower than the pre-GST
tax.

After a dismal performance in
2016, when the market shrank, luxury-car manufacturers had become upbeat when
India set levies on the segment under goods and services tax at a lower rate
compared with the previous regime.

They had immediately cut prices
to pass on the benefit to consumers, who had responded positively, pushing up
demand. But earlier this month, the GST Council decided to raise the cess
changed on large cars and utility vehicles to 25% from 15%, taking the total
tax incidence to 53% (28% GST plus 25% cess).

If this government’s decision
gets implemented, luxury car manufacturers will have to increase the price
which will affect the demand in India for these cars leading to a double-digit
drop in sales, affected future investments and job losses.

So, if you are looking forward to
exhibit your style with your own used luxury car, SAMIL is a way to go. You can
both visit your nearby Automall and go through their inventory in person, or
download “My SAMIL APP” and in just one click can go through their huge range
with your Android Mobile Phone. You can also click the link below and simply
register yourself.